A study reveals Property prices may increase after election results

By Accommodation Times News Services

rise in ratesProperty prices are likely to increase six months after the country gets a new government, a survey said.

The Housing Sentiment Index (HSI) assessed by IIM Bangalore and Magicbricks.com forecasts that home buyers across eight of 10 cities surveyed expect real estate prices to rise over the next six months.

The survey covered Ahmedabad, Kolkata, Mumbai, Delhi, Hyderabad, Pune, Noida, Gurgaon, Bangalore and Chennai.

“Indian real estate is bound to remain attractive in the medium term with faster growth expected in the Tier II cities. Competitively priced urban pockets such as Noida, where robust supply is backed with a promise of better infrastructure, received a thumbs-up from end users.  “However, active interest will take another six to nine months, since consumers expect prices to go up only after six months, post the 2014 elections,” said Sudhir Pai, business head, Magicbricks.com.

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